MTN Nigeria Issues 575 Million shares to the Public

MTN Nigeria has issued 575 million shares as public offer at the rate of 169 naira per share. The giant step by the telecommunication company and network provider will enable most people from public domain to have stake in MTN as shareholders. The company is a public liability company(Plc) and that’s why the shares are traded as it enjoys media publication inviting subscribers.

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The offer started on 1st of December and will end on 14th of December 2021 at 5pm WAT. Many people have congratulated and appreciated MTN Nigeria for issuing the shares which undoubtedly will contribute significantly in Nigeria equity market. MTN Nigeria has track record of maximization of shareholders money as the company has paid up dividends as suppose in their stock purchase.

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This move may enable existing shareholders to have more stake in the company and also bring into the picture new shareholders into the company as regards to stock purchased.

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